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Syntegra-backed Moleskine eyes €350m from March IPO

5 Mar 2013

Syntegra Capital-backed Italian notebook maker Moleskine is reportedly targeting about €350m for its IPO, valuing the business at €700m.

The firm, which owns about 68 per cent of Moleskine, will keep a significant interest following the listing according to Reuters, which cited two people with knowledge of the matter.

It said Goldman Sachs and Mediobanca were managing the sale in Italy along with BNP Paribas, with the listing set to be completed towards the end of March.

Earlier today Bloomberg obtained a term sheet which showed Appunti Sarl, which is indirectly controlled by Syntegra, and Index Ventures Growth I controlled Pentavest Sarl were selling a 50 per cent stake in the business.

Moleskine began its journey towards an IPO at the start of the year despite reported interest in a buyout from several other private equity firms.

The Italian company approved the first in a series of documents needed for its public listing in January.